Bill: Draft Business Pruning Notification Act

[zLost]

A
BILL
To
Amend the Taxation Act​

The people of the Commonwealth of Redmont, through their elected Representatives in the Congress and the force of law ordained to that Congress by the people through the constitution, do hereby enact the following provisions into law:

1 - Short Title and Enactment
(1) This Act may be cited as the 'Business Pruning Notification Act'.
(2) This Act shall be enacted immediately upon its signage.
(3) This Act has been authored by Toadking and Senator Omegabiebel
(4) This Act has been sponsored by Representative zLost
(5) This Act has been co-sponsored by Senator Omegabiebel

2 - Reasons
(1) To eliminate any notification requirements for disbanded sole proprietorships where the owner has been pruned.
(2) To streamline the pruning process for inactive players with regard to inactive businesses.

3 - Amendments
(1) Section 12 of the Taxation Act shall be amended as follows:

"12 - Pruning Tax
(1) All players who have been inactive for at least 3 consecutive months will have the entirety of their personal balance transferred to the DCGovernment balance.
(2) Upon request, the total of personal funds, excluding taxes, shall be returned to the citizen if they become active once again.
(a) The Federal Reserve Bank DCGovernment shall be responsible for repaying the citizen these funds.
(3) Pruning Taxation will incur a 10% tax on any returned funds.
(4) No notification shall be required for the disbandment of a sole proprietorship where the owner has been pruned under subsection (1)."